RVLT Stock Chart

REVOLUTION LIGHTING TECHNOLOGI

RVLT

Have not published in a while. Here we go again.
RVLT ascending triangle with diminishing volumes. Bullish figure. May break north anytime.
Goal is 1,93 to 2.01$. Great ratio.
Could go higher is Q4 earnings are in the 27-32M$ range

RVLT has been on a continuing downtrend for 6 months.
Three Bullish candles in 7 days is telling us that reversal to uptrend may be at our door step.
Today, the bullish engulfing was a strong one with low volumes. Low volumes usually equals down day for RVLT"
Will see if it confirms within the end of week. Lots of ...

RVLT has been falling for months. May have hit its low yesterday and recovered some of the loss today. Bullish piercing candle today, still un confirmed.
Will see tomorrow if we have a trend reversal that may lead RVLT to break upward uptil target is achieved (4$).
It is a long shot, but the graphic is showing some ...

This figure contradicts the descinding triangle posted earlier. Not sure which will come thru. If this figure does, we may see RVLT vack to 2,66$ in the near future. If not, we may see 1,53$ in a cnotinued bearish mood. Time will tell.

I'm simply pointing out a technical pattern in a strongly trending stock. The pattern shows up once a stock
has a LOW above the previous HIGHEST LOW in a consolidation. I marked this situation with a GREEN CIRCLE. These green circles preceded the nice run-ups in RVLT.
I realize they also coincide with new highs ...